Is Benton Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Charter Township is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Benton Charter Township has remained a Seller's Market.

Key Takeaway

Benton Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Benton Charter Township, MI cost?

Median Sold Price

$156,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$26,000(+20.0%)

Key Takeaway

Homes in Benton Charter Township have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $77.5K$73K
-5.8%
3 $141.5K$160K
+13.1%
4 $360.8K$210K
-41.8%
5+ $714K$459K
-35.7%

Median Sold Price Compared To Nearby Cities

Benton Charter Township
+20.0%
Royalton Township
+15.7%
Saint Joseph Charter Township
+11.2%
Hagar Township
+9.0%
Benton Harbor
+8.1%

How many homes are available in Benton Charter Township, MI?

Number of Homes For Sale

Apr 2022May 2022%
4955+12.2%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 1211
-8.3%
3 2830
+7.1%
4 610
+66.7%
5+ 23
+50.0%

Number of Homes Sold

Apr 2022May 2022%
1513-13.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Charter Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Benton Charter Township, MI

Number of homes for sale in Benton Charter Township, MI real estate market have reached 55. In May 2022 in Benton Charter Township, MI there were 12.2% more homes for sale than in April 2022. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 5.8%, 3 bedrooms properties prices increased by 13.1%, 4 bedrooms properties became 41.8% more cheaper, the cost of 5 bedrooms properties went down by 35.7%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 8.3%, the quantity of 3 bedrooms homes went up by 7.1%, 4 bedrooms homes became 66.7% more available, number of 5 bedrooms homes increased by 50%. Over 5 listings were sold over their listed price in May 2022 in Benton Charter Township, MI. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price.

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